Retail Supply Chain: What’s next?

With the advancement of digital technologies and data analytics, logistics and supply chain management is growing rapidly in the global economy, creating a demand for highly skilled supply chain professionals. Technological development is providing new opportunities for business and supply chain professionals to explore data-driven solutions and adapt processes to help manage the growth.

It has been estimated that 90% of the world’s data has been created in the last 12 months alone, and there could be up to 40 times more by 2020. The correct analysis of data patterns can have a huge impact on business processes and ultimately customer experience, an integral factor in the supply chain industry. Companies are no longer just discussing data analytics, it’s become essential to invest in big data to stay afloat, with 76% of business now planning to increase their investment over the next two years.

It is very likely that the industry will continue to change. With the arrival of e-commerce giant Amazon in Australia, companies must constantly evolve and adapt to keep up with the increasing trend of data integration.

The online Master of Supply Chain and Logistics Management at RMIT University is designed with this in mind, ensuring professionals have the skills necessary to implement strategic management and interpret data to make informed business decisions. Postgraduate study can boost income by up to 48% in the transport and logistics management industry, and those with the relevant postgraduate qualifications are expected to earn over $164,000 per year, a remarkable increase of 14% from 2016-17.